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Valuing the greenhouse effect of political risks: the global case

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  • Kangyin Dong
  • Xiucheng Dong
  • Qingzhe Jiang
  • Jun Zhao

Abstract

To empirically verify whether political risks affect global carbon dioxide (CO2) emissions, this study investigates the effect of political risks on countries’ CO2 emissions by employing a panel dataset of 66 countries over the period 2003–2018. Furthermore, this study also separately tests three major effects (i.e., scale effect, technique effect, and structure effect) of political risks on countries’ CO2 emissions. Considering regional heterogeneity, this study conducts an asymmetric analysis of the impact of political risks on CO2 emissions. The results show that the total effect of political risks on CO2 emissions is negative for the global panel. Although political risks increase countries’ CO2 emissions by promoting secondary industry (structure effect) for the global panel, the scale and technique effects of political risks can alleviate the greenhouse effect. Furthermore, the impacts of the influencing factors on countries’ CO2 emissions are significantly heterogeneous and asymmetric across different quantiles. Based on the above findings, this study provides several targeted policy suggestions for mitigating countries’ CO2 emissions.

Suggested Citation

  • Kangyin Dong & Xiucheng Dong & Qingzhe Jiang & Jun Zhao, 2021. "Valuing the greenhouse effect of political risks: the global case," Applied Economics, Taylor & Francis Journals, vol. 53(31), pages 3604-3618, July.
    • Handle: RePEc:taf:applec:v:53:y:2021:i:31:p:3604-3618
    DOI: 10.1080/00036846.2021.1883543
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    Citations

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    Cited by:

    1. Hu, Hui & Qi, Shaozhou & Chen, Yuanzhi, 2023. "Using green technology for a better tomorrow: How enterprises and government utilize the carbon trading system and incentive policies," China Economic Review, Elsevier, vol. 78(C).
    2. Zhao, Jun & Dong, Kangyin & Dong, Xiucheng & Shahbaz, Muhammad & Kyriakou, Ioannis, 2022. "Is green growth affected by financial risks? New global evidence from asymmetric and heterogeneous analysis," Energy Economics, Elsevier, vol. 113(C).
    3. Zhao, Jun & Shahbaz, Muhammad & Dong, Kangyin, 2022. "How does energy poverty eradication promote green growth in China? The role of technological innovation," Technological Forecasting and Social Change, Elsevier, vol. 175(C).
    4. Shuchao Wang & Peishu Chen & Weicai Peng, 2023. "Environmental assessment of regional cooperative elderly care: a case study of the Yangtze River Delta," Economic Change and Restructuring, Springer, vol. 56(6), pages 3979-4007, December.
    5. Kangyin Dong & Yalin Han & Yue Dou & Muhammad Shahbaz, 2022. "Moving toward carbon neutrality: Assessing natural gas import security and its impact on CO2 emissions," Sustainable Development, John Wiley & Sons, Ltd., vol. 30(4), pages 751-770, August.
    6. Dong, Kangyin & Shahbaz, Muhammad & Zhao, Jun, 2022. "How do pollution fees affect environmental quality in China?," Energy Policy, Elsevier, vol. 160(C).
    7. Wang, Bo & Zhao, Jun & Dong, Kangyin & Jiang, Qingzhe, 2022. "High-quality energy development in China: Comprehensive assessment and its impact on CO2 emissions," Energy Economics, Elsevier, vol. 110(C).
    8. Dong, Kangyin & Dong, Xiucheng & Jiang, Qingzhe & Zhao, Jun, 2021. "Assessing energy resilience and its greenhouse effect: A global perspective," Energy Economics, Elsevier, vol. 104(C).
    9. Zhao, Jun & Dong, Xiucheng & Dong, Kangyin, 2021. "How does producer services’ agglomeration promote carbon reduction?: The case of China," Economic Modelling, Elsevier, vol. 104(C).
    10. Dong, Kangyin & Ren, Xiaohang & Zhao, Jun, 2021. "How does low-carbon energy transition alleviate energy poverty in China? A nonparametric panel causality analysis," Energy Economics, Elsevier, vol. 103(C).
    11. Dou, Yue & Li, Yiying & Dong, Kangyin & Ren, Xiaohang, 2022. "Dynamic linkages between economic policy uncertainty and the carbon futures market: Does Covid-19 pandemic matter?," Resources Policy, Elsevier, vol. 75(C).
    12. Congyu Zhao & Kangyin Dong & Farhad Taghizadeh-Hesary, 2023. "Can smart transportation enhance green development efficiency?," Economic Change and Restructuring, Springer, vol. 56(2), pages 825-857, April.
    13. Zhao, Jun & Jiang, Qingzhe & Dong, Xiucheng & Dong, Kangyin & Jiang, Hongdian, 2022. "How does industrial structure adjustment reduce CO2 emissions? Spatial and mediation effects analysis for China," Energy Economics, Elsevier, vol. 105(C).

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